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Slavery of Debt

In ten of thousands of homes, the general topic of conversation is poverty and want, and that is what they are getting.

The poverty consciousness is the result of the habit of thinking of and fearing poverty. "The thing I had feared has come upon me!"

Debt is a merciless master, a fatal enemy of the savings habit.

Poverty alone is sufficient to kill of ambition, destroy self confidence, and destroy hope, but add to it the burden of debt and all who are victims of these two cruel taskmasters are practically doomed to failure.

No one can carry out a definite purpose in life with heavy debt hanging over his head.

You are a human magnet and you are constantly attracting to you people which characters harmonize with your own.

No sacrifice is too great to avoid the misery of debt!

Two types of Debts
-Debts incurred for luxuries that become a dead loss
-Debts incurred in the course of professional or business trading which represent service or merchandise that can be converted back into assets.

The fear of poverty breaks down the will power of its victims and they then find themselves unable to restore their fortunes. What is still more sad, they lose all ambition to extricate themselves from the slavery of debt.

The person who is free from debt may whip poverty and achieve outstanding financial success, but, if bound by debt, such achievement is only remote possibility and never a probability.

Fear of poverty is a negative, destruction state of mind. Moreover, one negative state of mind has a tendency to attract other similar state of minds.

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